Costco Wholesale Corp. is closing in on a major sales milestone, reporting fiscal 2026 net sales of $297.3 billion, up 10.2% from $269.9 billion a year earlier. August monthly net sales reached $23.70 billion, a 9.9% year-over-year increase, while comparable sales excluding gasoline and foreign exchange rose 5.6% for the four weeks ended Aug. 30 and 6.6% for the full fiscal year. The company noted that the later timing of Labor Day negatively affected August sales by just under 75 basis points. Bank of America analyst Christopher Nardone reiterated a Buy rating with a $1,200 price target, implying roughly 29% upside, arguing that Costco continues to gain share by offering strong value and attracting higher-income shoppers. The key point for investors is that Costco is still producing double-digit annual sales growth even as revenue approaches $300 billion, with the next question being whether comparable sales can reaccelerate after slowing earlier in the year.
Costco Wholesale CorpCostco reports strong sales growth and analyst sees upside
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